NOT LISTED FOR SALE

205 N Elm St Unit 13 Gilbert, AZ 85234

Downtown Gilbert Neighborhood

Estimated Value: $326,000 - $841,000

0.19 Acre
$3,071,053 Price per Acre
8,428 Sq Ft Lot

Last Sold August 14, 2013

Last sale price $25,000

Est. 2,234% increase in value since last sale

Current estimated payment $3,383/month

90 Days on Market

Highlights

  • No HOA
  • Level Lot
  • 4-minute walk to Water Tower Plaza
  • Burk Elementary School Rated A-

About This Lot

As of August 2013

Property is located just off Gilbert Road in the Downtown Historic District. It is zoned for multiple dwellings, walk to downtown eateries, museums and much more!

Last Agent to Sell the Property

John Marselis

RAB Realty, LLC License #SA547325000 Listed on: 05/06/2013

Last Buyer's Agent

Kathy Howard

HomeSmart License #SA634837000

HomeSmart

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $451

Year Built

  • 1972

Lot Details

  • 8,428 Sq Ft Lot
  • Property fronts an alley
  • Level Lot

Schools

  • Gilbert Elementary School
  • Mesquite Jr High Middle School
  • Mesquite High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 304-11-083-T

Property Details

Property Type

Land

Est. Annual Taxes

$451

Year Built

1972

Lot Details

0

Listing Details

  • Cross Street: Gilbert Rd & Cullumber Ave
  • Legal Info Range: 6E
  • Property Type: Land
  • Development Status: Raw Land
  • Topography: Level
  • Zoning: Residential
  • Tax Year: 2012
  • Directions: From Elliott, North to Cullumber, Right to Elm St, Left to fourth lot on the right.
  • Horses: No
  • Lot Size Acres: 0.19
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Tax Parcel Letter: T
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1972

Interior Features

  • Possible Use: Multi-Family

Exterior Features

  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: SRP
  • Water Source: Check Availability

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Gilbert Elementary School
  • High School: Mesquite High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Mesquite Jr High School

Lot Info

  • Lot Size: 49x172
  • Lot Size Sq Ft: 8428.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 304-11-083-T
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 451.02
  • Tax Book Number: 304.00
  • Tax Lot: 13
  • Tax Map Number: 11.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2022
Sold by
North Elm Street Apartments Llc
Bought by
Heritage Ranch Owners Llc
Total Days on Market
90
Current Estimated Value
$583,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,225,000
Outstanding Balance
$2,144,158
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
-$1,562,158

Purchase Details

Closed on
Aug 29, 2018
Sold by
The Rental Professionals
Bought by
North Elm Street Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,430,000
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 1, 2010
Sold by
Citibank Na
Bought by
The Rental Professionals Llc

Purchase Details

Closed on
Jun 25, 2010
Sold by
Atzmon Yaniv
Bought by
Citibank Na

Purchase Details

Closed on
Sep 27, 2006
Sold by
Atzmon Yaniv
Bought by
Atzmon Yaniv and Atzmon Dor

Purchase Details

Closed on
Jun 15, 2006
Sold by
Atzmon Mayte
Bought by
Atzmon Yaniv

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,700
Interest Rate
6.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 24, 2006
Sold by
Tmc Properties Llc
Bought by
Atzmon Yaniv

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,700
Interest Rate
6.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 20, 2005
Sold by
Pearce Robert W
Bought by
Tmc Properties Llc

Purchase Details

Closed on
Nov 15, 2004
Sold by
Pearce Natalie M
Bought by
Pearce Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,500
Interest Rate
5.79%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 22, 2004
Sold by
Tmc Properties Llc
Bought by
Pearce Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,500
Interest Rate
5.79%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 28, 2004
Sold by
Pearce Robert W
Bought by
Tmc Properties Llc

Purchase Details

Closed on
Jun 27, 2003
Sold by
Moss Jim E and Moss Kelly E
Bought by
Pearce Robert W

Purchase Details

Closed on
May 13, 2003
Sold by
Pearce Natalie M
Bought by
Pearce Robert W

Purchase Details

Closed on
Jun 22, 2001
Sold by
Steffensen Mark H and Steffensen Suzanne H
Bought by
Moss Jim E and Moss Kelly E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
7.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 1998
Sold by
Titan Properties Ltd
Bought by
Steffensen Mark H and Steffensen Suzanne H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.1%

Purchase Details

Closed on
Dec 29, 1995
Sold by
Oddyssey Real Estate Investments Of Utah
Bought by
Titan Properties Ltd

Purchase Details

Closed on
Jul 3, 1995
Sold by
Steffensen Mark and Steffensen Suzanne
Bought by
Odyssey Real Estate Investments Of Utah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,150
Interest Rate
7.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Heritage Ranch Owners Llc $3,825,000 Heritage Ranch Owners Llc
North Elm Street Apartments Llc $1,500,000 Old Republic Title Agency
The Rental Professionals Llc $100,000 Lawyers Title Of Arizona Inc
Citibank Na $286,001 Accommodation
Atzmon Yaniv -- None Available
Atzmon Yaniv -- Equity Title Agency Inc
Atzmon Yaniv $338,000 Equity Title Agency Inc
Tmc Properties Llc -- --
Pearce Robert W -- Transnation Title
Pearce Robert W -- --
Tmc Properties Llc -- --
Pearce Robert W $223,000 Capital Title Agency Inc
Pearce Robert W -- Capital Title Agency Inc
Moss Jim E $160,000 Chicago Title Insurance Co
Steffensen Mark H -- Nations Title Insurance
Titan Properties Ltd -- --
Odyssey Real Estate Investments Of Utah -- --
Steffensen Mark $77,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heritage Ranch Owners Llc $2,225,000
Previous Owner North Elm Street Apartments Llc $1,600,000
Previous Owner North Elm Street Apartments Llc $1,430,000
Previous Owner Foresight Investments Llc $175,000
Previous Owner Atzmon Yaniv $50,700
Previous Owner Atzmon Yaniv $253,500
Previous Owner Atzmon Yaniv $253,500
Previous Owner Pearce Robert W $71,500
Previous Owner Moss Jim E $128,000
Previous Owner Steffensen Mark H $75,000
Previous Owner Steffensen Mark $53,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2013 08/14/13 Sold $25,000 -49.0% --
07/30/2013 07/30/13 Pending -- -- --
05/01/2013 05/01/13 For Sale $49,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,300 $14,863 -- --
2024 $1,306 $14,155 -- --
2023 $1,306 $58,220 $11,640 $46,580
2022 $1,271 $49,730 $9,940 $39,790
2021 $1,314 $40,420 $8,080 $32,340
2020 $1,295 $32,170 $6,430 $25,740
2019 $1,203 $26,480 $5,290 $21,190
2018 $1,170 $22,230 $4,440 $17,790
2017 $1,131 $18,030 $3,600 $14,430
2016 $1,160 $16,360 $3,270 $13,090
2015 $1,058 $13,670 $2,730 $10,940
Source: Public Records

Agents Affiliated with this Home

  • John Marselis

    Seller's Agent in 2013

    John Marselis

    RAB Realty, LLC

    (800) 692-8055

    Section Image
  • Kathy Howard

    Buyer's Agent in 2013

    Kathy Howard

    HomeSmart

    5 Total Sales

    Kathy Howard
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4931854

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-11-085

Arizona Maricopa County Gilbert 85234 Downtown Gilbert

205 N Elm St Unit 13, Gilbert, AZ

This home is located at 205 N Elm St Unit 13, Gilbert, AZ 85234 since 06 May 2013 and is currently estimated at $583,500. This property was built in 1972. 205 N Elm St Unit 13 is a home located in Maricopa County with nearby schools including Burk Elementary School, Mesquite Junior High School, and Gilbert Arts Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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